Zacks Research Cuts Earnings Estimates for Otis Worldwide

Posted by Brenda Bartman on Aug 14th, 2026

Otis Worldwide Corporation (NYSE:OTIS – Free Report) – Research analysts at Zacks Research dropped their Q3 2026 earnings per share estimates for Otis Worldwide in a report issued on Wednesday, August 12th. Zacks Research analyst Team now anticipates that the company will post earnings per share of $1.01 for the quarter, down from their prior estimate of $1.14. The consensus estimate for Otis Worldwide’s current full-year earnings is $4.03 per share. Zacks Research also issued estimates for Otis Worldwide’s Q4 2026 earnings at $1.13 EPS.

A number of other analysts also recently weighed in on the company. Royal Bank Of Canada set a $90.00 price objective on Otis Worldwide in a report on Tuesday, July 28th. Barclays lowered their price target on shares of Otis Worldwide from $80.00 to $77.00 and set an “underweight” rating for the company in a report on Thursday, April 23rd. Weiss Ratings restated a “hold (c-)” rating on shares of Otis Worldwide in a research report on Wednesday. UBS Group set a $105.00 price objective on shares of Otis Worldwide in a research note on Thursday, April 23rd. Finally, Morgan Stanley set a $75.00 price objective on shares of Otis Worldwide in a research report on Monday. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $92.91.

Get Our Latest Report on Otis Worldwide

Otis Worldwide Stock Down 1.2%

Shares of OTIS stock opened at $73.06 on Friday. The firm has a 50 day moving average price of $72.49 and a two-hundred day moving average price of $78.26. The company has a market capitalization of $27.81 billion, a PE ratio of 18.78, a price-to-earnings-growth ratio of 2.60 and a beta of 0.89. Otis Worldwide has a 12-month low of $69.16 and a 12-month high of $94.57.

Otis Worldwide (NYSE:OTIS – Get Free Report) last posted its earnings results on Wednesday, July 22nd. The company reported $1.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.01. Otis Worldwide had a net margin of 10.17% and a negative return on equity of 28.50%. The company had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter last year, the company posted $1.05 EPS. Otis Worldwide’s quarterly revenue was up 7.3% compared to the same quarter last year. Otis Worldwide has set its FY 2026 guidance at 4.010-4.050 EPS.

Otis Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 14th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, August 14th. Otis Worldwide’s dividend payout ratio is 45.24%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Van Hulzen Asset Management LLC bought a new stake in shares of Otis Worldwide during the second quarter valued at approximately $286,000. Manning & Napier Advisors LLC bought a new stake in Otis Worldwide during the 2nd quarter valued at $176,000. Aberdeen Wealth Management LLC acquired a new position in Otis Worldwide during the second quarter worth $143,000. Dearborn Partners LLC bought a new position in shares of Otis Worldwide in the second quarter valued at $452,000. Finally, Algert Global LLC grew its holdings in shares of Otis Worldwide by 231.5% during the second quarter. Algert Global LLC now owns 83,789 shares of the company’s stock valued at $5,999,000 after buying an additional 58,512 shares during the last quarter. Institutional investors own 88.03% of the company’s stock.

More Otis Worldwide News

Here are the key news stories impacting Otis Worldwide this week:

Negative Sentiment: Zacks cut its FY2026 EPS forecast to $4.04 from $4.22, FY2027 EPS to $4.41 from $4.67, and FY2028 EPS to $4.89 from $5.23. The reductions suggest weaker-than-previously-expected earnings momentum and are likely weighing on the stock. Otis Worldwide analyst estimates
Negative Sentiment: Quarterly estimates were also lowered, including Q1 2027 EPS to $1.02 from $1.05, Q2 2027 to $1.12 from $1.16, Q3 2027 to $1.12 from $1.21, and Q4 2027 to $1.15 from $1.24. Zacks also reduced Q1 2028 EPS to $1.12 from $1.19 and Q2 2028 EPS to $1.26 from $1.31.
Neutral Sentiment: The revised FY2026 forecast of $4.04 remains broadly consistent with the current analyst consensus of roughly $4.02-$4.03 per share, while Otis’s existing FY2026 guidance calls for $4.01-$4.05 in EPS. The cuts therefore primarily affect longer-term expectations rather than the company’s stated near-term outlook.

Otis Worldwide Company Profile

(Get Free Report)

Otis Worldwide Corporation is a manufacturer, installer and servicer of vertical transportation systems, including elevators, escalators and moving walkways. The company designs and supplies new equipment for commercial, residential and industrial buildings, and provides ongoing maintenance and repair services aimed at maximizing equipment availability and safety. Otis also offers modernization solutions to upgrade aging systems and improve performance, accessibility and energy efficiency.

In addition to new equipment sales, a significant portion of Otis’s business derives from long-term service contracts and responsive maintenance work.